Shares of G-III Apparel Group Ltd. (NASDAQ:GIII) gapped up prior to trading on Monday . The stock had previously closed at $42.68, but opened at $42.86. G-III Apparel Group shares last traded at $44.00, with a volume of 168,197 shares traded.

A number of analysts have recently commented on the company. Piper Jaffray Cos. reissued an “overweight” rating and issued a $51.00 price target on shares of G-III Apparel Group in a research report on Monday, May 2nd. Brean Capital assumed coverage on G-III Apparel Group in a research report on Tuesday, June 21st. They issued a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Telsey Advisory Group cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $54.00 to $45.00 in a research report on Tuesday, July 26th. Finally, Cowen and Company cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price objective on the stock. in a research report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.36.

The company has a market capitalization of $1.99 billion and a price-to-earnings ratio of 18.49. The firm’s 50 day moving average price is $44.67 and its 200 day moving average price is $45.69.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, June 1st. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $457.40 million for the quarter, compared to analysts’ expectations of $473.22 million. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Equities research analysts predict that G-III Apparel Group Ltd. will post $2.58 earnings per share for the current year.

Other institutional investors have modified their holdings of the company. RS Investment Management Co. LLC raised its position in shares of G-III Apparel Group by 88.6% in the fourth quarter. RS Investment Management Co. LLC now owns 1,206,650 shares of the company’s stock valued at $53,406,000 after buying an additional 566,990 shares during the last quarter. Jennison Associates LLC raised its position in shares of G-III Apparel Group by 14.3% in the fourth quarter. Jennison Associates LLC now owns 1,554,963 shares of the company’s stock valued at $68,823,000 after buying an additional 194,028 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of G-III Apparel Group during the fourth quarter valued at about $5,097,000. State of New Jersey Common Pension Fund D raised its position in shares of G-III Apparel Group by 16.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 465,500 shares of the company’s stock valued at $20,603,000 after buying an additional 65,000 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of G-III Apparel Group by 43.0% in the fourth quarter. Morgan Stanley now owns 549,760 shares of the company’s stock valued at $24,332,000 after buying an additional 165,247 shares during the last quarter.

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

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